Don't get me wrong....I tried a whole lot of indicators when i first started - but I realized too late that they are not capable of predicting what will happen next.
All they do is crowd my chart - I don't like a chart that looks like a xmas tree - it's too noisy.
Technical indicators are all lagging indicators - they only tell you what has already happened - and no matter how many of them you put on your chart- they will not help you with your trading at all.
When i look at other traders charts and i see more than 3 indicators on their charts - i know that they are having trouble trying to figure out where the market is moving next. Those indicators are useless - take them off your charts.
Your charts should look clean- free from interference. YOU should be the indicator. Try a different approach - you might just find some new method that will work.
I have found a new method - and it is totally a different approach - I will not tell you of course. .... But i will show you how well it's working for me...with the chart below.
No indicators or Stop Loss used during this trade. Just my new way of looking at the market.
All they do is crowd my chart - I don't like a chart that looks like a xmas tree - it's too noisy.
Technical indicators are all lagging indicators - they only tell you what has already happened - and no matter how many of them you put on your chart- they will not help you with your trading at all.
When i look at other traders charts and i see more than 3 indicators on their charts - i know that they are having trouble trying to figure out where the market is moving next. Those indicators are useless - take them off your charts.
Your charts should look clean- free from interference. YOU should be the indicator. Try a different approach - you might just find some new method that will work.
I have found a new method - and it is totally a different approach - I will not tell you of course. .... But i will show you how well it's working for me...with the chart below.
No indicators or Stop Loss used during this trade. Just my new way of looking at the market.